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Feb 5, 2013 6:00pm PST
standard & poor's. the debt rating agency gave mortgage-backed securities high ratings. but the u.s. and california's attorneys general say s&p knew that the investments were no good. for the first time, attorney general holder is pointing blame at a wall street firm for helping spark the financial collapse. the government says ratings agency standard & poor's advised investors to buy mortgage investments it knew were risky. >> this alleged conduct is egregious and goes to the heart of the recent financial crisis. >> california lost almost $1 billion attributable to s&p's conduct. >> reporter: big banks packaged their mortgages into securities. s&p gave those securities high ratings signalling to investors that they were a safe bet. but the government says it has evidence s&p knew the investments were in trouble but approved them anyway to get more business from the banks. >> it's sort of like buying sausage from your favorite butcher. and he assures you that the sausage was made fresh that morning and is safe. what he doesn't tell you is that i
Jan 31, 2013 6:00pm PST
on this trip. a lot on mother's road. >> get your kicks on route 66 ♪ >> reporter: one of the first u.s. highways 1926, chicago to santa monica bringing dust bowlers out west in a drive for a better life. [ indiscernible ] >> it became a symbol of the american dream. >> reporter: martin smith is a professional photographer from london who travels the route taking picture. but now he is chronicling the demise of local towns who prospered during the heyday and fell into disrepair when the interstate bypassed them. >> i think it was a symbol of the american dream. now it's a symbol of the decline of it. >> i probably did it eight times. >> reporter: smith was a kid and his snowbird parents headed west from colorado. he now works at a route 66 museum in kingman, arizona. built along the route of trains living on route 66 these days means a lonely whistle. every 15 minutes. >> i first moved here i thought it was kind of neat. but then at 3 a.m. when you're sleeping it's not so neat. you know? >> reporter: some of the current speed limits are as slow as
Feb 4, 2013 6:00pm PST
in u.s. television history beaten only by the giants-patriots super bowl last year and the steelers-cardinals game in 2010. it was also a big night for social media. twitter had 24.1 million posts. >>> there were a handful of problems after the game. police reported 25 arrests scattered around san francisco caused by minor scuffles, someone trying to start a fire. police say all in all, the fight was pretty low key. >>> about the same number of arrest, but a different reaction in baltimore. fans clogged streets, stopped traffic and in one case tried to tip over a car. there was some minor damage, vandalism and one report of looting. >>> an alabama kindergartener held for a week is safe tonight. the accused murder who kidnapped him is dead. cbs reporter marly hall on what prompted agents to finally make their move. >> law enforcement officials shook hands and patted each other on the back shortly after the week-long hostage standoff. jimmy lee dikes, the suspected gunman is dead. his 5-year-old captive is safe. >> within the past 24 hours, negoti
Search Results 0 to 2 of about 3